Green Thumb Industries (OTCMKTS:GTBIF) Trading Down 6.2% – Should You Sell?

Shares of Green Thumb Industries Inc. (OTCMKTS:GTBIF) dropped 6.2% during mid-day trading on Monday . The stock traded as low as $7.01 and last traded at $7.13. 614,480 shares were traded during trading, an increase of 10% from the average daily volume of 560,277 shares. The stock had previously closed at $7.60.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating on shares of Green Thumb Industries in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Green Thumb Industries has an average rating of “Buy”.

Green Thumb Industries Price Performance

The firm has a market cap of $1.49 billion, a PE ratio of 14.06 and a beta of 1.25. The business’s 50 day moving average price is $7.72 and its 200 day moving average price is $7.36.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $300.19 million during the quarter, compared to analyst estimates of $297.64 million. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%. As a group, analysts predict that Green Thumb Industries Inc. will post 0.1 earnings per share for the current year.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.